For Immediate Release
July 24, 2018
Media Contact: Thomas Thamm
MONTPELIER, Vermont (July 24, 2018)— Vermont Mutual Insurance Group®, protecting people and businesses throughout the Northeast for 190 years, has again been recognized by Ward Group as one of the Top 50 insurance companies in the United States. This represents the 10th consecutive year that Vermont Mutual has been recognized by Ward Group for their consistency, safety and superior financial performance.
Vermont Mutual’s President & CEO, Dan Bridge, stated “We are committed to providing comprehensive insurance solutions to our policyholders, as well as a high level of consistent partnership to our independent insurance agents and a rewarding work environment where our employees can develop and grow. We are honored that Ward Group has recognized our success and consistently named Vermont Mutual as one of the best in the insurance business over the last decade. This recognition complements our other recent achievements, including our A+ (Superior) Financial Stability Rating from A.M. Best, our Best Places to Work awards and being named Vermont’s Most Outstanding Business in 2018.” Bridge continued “All of these achievements are due in large part to our loyal policyholders, our committed independent agency partners and our dedicated employees, and we appreciate their role in Vermont Mutual’s success.”
Mark McDonnell, Executive Vice President and COO of Vermont Mutual, noted “While ours has always been a competitive industry, technology is accelerating the rate of change like never before. This creates both opportunities and challenges. To produce the exceptional results we have for well over a decade is in part the result of the strong partnerships we have with the independent agents that represent us and we thank them, and the entire Vermont Mutual team, for their contribution to the success we've enjoyed.”
Each year Ward Group identifies the industry’s top insurance companies through a comprehensive financial analysis of approximately 3,000 U.S. property and casualty insurers. The companies recognized by Ward Group have all passed safety and consistency screens and achieved superior performance over a five year period. This is the 28th year Ward Group has conducted the analysis.
Vermont Mutual Insurance Group® is a trade name of Vermont Mutual Insurance Company, Northern Security Insurance Company, Inc. and Granite Mutual Insurance Company. Chartered in 1828, Vermont Mutual is one of the ten oldest mutual property/casualty insurers in the United States and provides coverage throughout New England and upstate New York. Through more than 400 independent agencies, the Group insures over 300,000 policyholders with a direct written premium of more than $475,000,000.